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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (46312)	1/14/2002 9:52:02 AM
From: Sully-	Read Replies (2) \| Respond to of 65232

Scott, first, I doubt that any accounting firm immediately begins to destroy material documents relating to an audit once the report has been issued. Second, once Enron announced it had to restate prior earnings & other accounting problems were acknowledged, Anderson had to know that their audit & documentation of the audit trail would be extremely important in disclosing any known problems. Anderson also knew that the SEC would likely want to take a look at their records. Any document destruction after Enron went public acknowledging problems is highly suspicious to me........... even if the firm had a policy to destroy certain documents.